Shenli(SH:603819)2017-04-24 16:00Financial Performance - Operating revenue for the period was CNY 145,434,789.96, representing a year-on-year increase of 10.52%[6] - Net profit attributable to shareholders of the listed company was CNY 10,894,166.57, down 11.70% compared to the same period last year[6] - Basic earnings per share were CNY 0.09, a decrease of 35.71% from CNY 0.14 in the previous year[6] - Total operating revenue for Q1 2017 was CNY 145,434,789.96, an increase of 10.9% compared to CNY 131,593,894.40 in the same period last year[23] - Net profit for Q1 2017 was CNY 10,894,166.57, a decrease of 11.7% from CNY 12,337,433.07 in Q1 2016[24] - The company's net profit for Q1 2017 was CNY 11,910,608.33, a decrease of 14.6% compared to CNY 13,941,273.18 in the same period last year[26] - Total profit of CNY 14,012,480.39 for Q1 2017, a decrease of 14.1% from CNY 16,315,103.70 in Q1 2016[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 780,141,218.83, an increase of 0.38% compared to the end of the previous year[6] - Total assets increased slightly from CNY 777,171,637.08 to CNY 780,141,218.83, reflecting ongoing investments and operational changes[18] - Total liabilities decreased to CNY 38,191,931.96 from CNY 45,384,058.10 at the start of the year, representing a reduction of 15.9%[21] - Current assets totaled CNY 646,362,995.97, slightly up from CNY 641,489,636.35 at the beginning of the year[21] Cash Flow - The net cash flow from operating activities was negative at CNY -35,359,719.60, compared to CNY -21,288,083.51 in the previous year[6] - Cash flow from operating activities showed a net outflow of CNY 35,359,719.60, worsening from a net outflow of CNY 21,288,083.51 in the previous period[13] - Cash flow from investing activities recorded a net outflow of CNY 28,197,593.86, significantly higher than CNY 2,033,351.21 in the prior period, primarily due to land expenditures[13] - The net cash flow from operating activities for Q1 2017 was -CNY 35,359,719.60, worsening from -CNY 21,288,083.51 in the previous year[29] - Investment activities resulted in a net cash outflow of -CNY 28,197,593.86 in Q1 2017, compared to -CNY 2,033,351.21 in the same period last year[30] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,678[9] - The largest shareholder, Chen Zhongwei, held 50,949,000 shares, accounting for 42.46% of the total shares[9] Inventory and Receivables - Accounts receivable decreased by 48.38% from CNY 30,839,279.56 to CNY 15,918,255.31, primarily due to payments for raw material purchases[12] - Inventory increased by 48.27% from CNY 110,225,289.69 to CNY 163,428,677.66, mainly due to rising silicon steel prices and increased purchases of production materials[13] - Other receivables rose by 51.60% from CNY 1,012,315.50 to CNY 1,534,637.52, mainly due to deposits for newly purchased land[12] Other Financial Metrics - The weighted average return on net assets decreased by 1.13 percentage points to 1.49%[6] - Financial expenses improved to CNY -88,063.01 from CNY -720,362.13, mainly due to increased foreign exchange gains[13] - Asset impairment losses increased to CNY 499,095.65 from CNY -95,533.41, driven by an increase in accounts receivable and corresponding bad debt provisions[13] - The company incurred total operating expenses of CNY 121,761,129.10 in Q1 2017, an increase of 10.7% from CNY 109,987,700.44 in Q1 2016[29] - The company paid CNY 5,830,003.27 in taxes during Q1 2017, down from CNY 7,054,670.21 in Q1 2016[29]